NeoBear, an early childhood education start-up, has completed RMB120 billion (US$19 million) series A round of financing led by GGV Capital, according to Chinese media reports. Qualcomm, Sinolink Securities Co., Ltd., Haitong Kaiyuan Capital, Liuhe Capital also participated. The company says it will use the proceeds on technology development, content and marketing expansion. Founded in […]

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Korean logistics firm CJ Korea Express has teamed up with investors to acquire Capital Today-backed Rokin Logistics for US$382 million, according to media reports. CJ Korea Express, the largest logistics firm in South Korea, will pay around US$260 million. A fund with backings from Korea's National Pension Service and Seoul-based private equity firm STIC Investments […]

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Ant Financial Services Group, the financial services arm of Chinese e-commerce giant Alibaba Group Holdings, has agreed to receive an undisclosed investment from China Post Capital, the investment unit of state-owned postal service China Post Group Corp., via a private placement deal, according to media reports. Representatives at Alibaba did not immediately respond to inquires […]

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Wang Sicong, the son of billionaire Dalian Wanda Group chairman Wang Jianlin, is to become the CEO of a newly launched live video broadcast platform Panda TV, according to his Weibo account. Registered formally in July 2015, Panda TV is financially backed by Wang Sicong and a few other individuals. No information is available on […]

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Aurora Private Equity, an investment firm founded by former executives from CDH Venture and Dalian Wanda Group, has completed raising RMB1 billion (US$157 million) to back public and private companies in China's new economy, according to Chinese media reports. The new investment vehicle, named Aurora New Economy M&A Fund, will focus on investing in the […]

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Customs officers seized 51kg of cut ivory pieces worth $510,000 from two parcels at Hong Kong International Airport yesterday.

The parcels, declared as decorative tiles, were sent from Zimbabwe, via Amsterdam.

The case has been handed to the Agriculture, Fisheries & Conservation Department.

This is the second ivory smuggling case in a week with the same modus operandi from Zimbabwe. The other one was detected on September 2.

Medlinker, a Chinese social networking mobile app for doctors, has completed US$40 million series B round of financing led by Tencent Holdings Limited, according to Chinese media reports. Yunfeng Capital, co-founded by Alibaba Group Holdings' chairman Jack Ma, also participated. Founded in 2014, Medlinker's mobile apps allows certified healthcare professionals to interact with each other. […]

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